3/18/2009

Student housing complex in Rexburg, Idaho sells for $6.5M

by

The Nauvoo House Apartments

Nauvoo LLC has purchased a 76,800-square foot student housing community in Rexburg, Idaho for $6.5 million, representing $101,563 per unit and $85 per square foot.

Danny Shin, Michael Beckstead and Mathew Bird of Marcus & Millichap's Salt Lake City office represented the seller. Local representation was provided by the Boise office of Marcus & Millichap.

Located at 175 West Fifth South St., the Nauvoo House Apartments is a Class A student housing community comprised of 64 three-bedroom/two-bathroom units with a total 382 rentable beds plus two onsite manager's units and land for 33 additional units. It sits minutes away from the BYU-Idaho campus.

Address: 175 West Fifth South St., Rexburg, Idaho

Size: 76,800 square feet

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Filed Under: College/University

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